Cabinet recommends two ordinances to President
Summary
The government has decided to recommend two ordinances to President for issuance, including amendments to the Press Council Act and other Nepal Acts related to culture, tourism and civil aviation. The cabinet also approved an ADB-backed loan and grant for road upgradation, permission for additional investment in Nepal Reinsurance Company, and new rules on fertilizers.
Key Points
- The cabinet decided to recommend two ordinances to the President, including one to amend the Press Council Act, 2048 and another to amend several laws related to culture, tourism and civil aviation.
- It approved a concessional loan of 285 million US dollars and a 20 million US dollar grant from the Asian Development Bank for road upgradation.
- The government will invest additional right shares of Nepal Reinsurance Company Limited and send a high-level delegation to COP-31 in Turkiye.
- Nano-fertilizer, bio-stimulant and commercially produced organic and bio-fertilizer have been listed as essential substances, and the Fertilizer Control Order, 2083 has been approved.
